MENA: Crude Granite Market 2024

Crude Granite Market Size in MENA

The MENA's crude granite market was estimated at $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, recorded a pronounced downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Crude Granite Production in MENA

In value terms, crude granite production fell modestly to $X in 2022 estimated in export price. In general, production recorded a deep setback. The pace of growth was the most pronounced in 2013 with an increase of 22%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Crude Granite Exports

Exports in MENA

In 2022, the amount of granite (crude) exported in MENA contracted slightly to X tons, dropping by -1.9% compared with the previous year's figure. Overall, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 42% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude granite exports declined to $X in 2022. Total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Palestine (X tons) and Saudi Arabia (X tons) represented the largest exporters of granite (crude) in MENA, together making up 69% of total exports. Egypt (X tons) took a 9.9% share (based on physical terms) of total exports, which put it in second place, followed by Israel (8.5%) and Iran (6.3%). The United Arab Emirates (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +20.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Palestine ($X), Saudi Arabia ($X) and Egypt ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 75% share of total exports.

In terms of the main exporting countries, Egypt, with a CAGR of +12.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, flattening at the previous year. In general, the export price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 when the export price increased by 12%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Iran ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+2.4%), while the other leaders experienced a decline in the export price figures.

Crude Granite Imports

Imports in MENA

In 2022, supplies from abroad of granite (crude) increased by 167% to X tons, rising for the second consecutive year after two years of decline. Overall, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crude granite imports surged to $X in 2022. In general, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Israel dominates imports structure, recording X tons, which was approx. 63% of total imports in 2022. Syrian Arab Republic (X tons) held the second position in the ranking, followed by Algeria (X tons), Tunisia (X tons) and Egypt (X tons). All these countries together took approx. 30% share of total imports. Jordan (X tons) took a relatively small share of total imports.

Imports into Israel increased at an average annual rate of +44.0% from 2012 to 2022. At the same time, Algeria (+47.5%), Egypt (+23.2%), Syrian Arab Republic (+15.5%), Tunisia (+5.0%) and Jordan (+1.5%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of +47.5% from 2012-2022. From 2012 to 2022, the share of Israel, Algeria, Egypt and Syrian Arab Republic increased by +58, +7.6, +3.5 and +2.4 percentage points, respectively.

In value terms, Israel ($X) constitutes the largest market for imported granite (crude) in MENA, comprising 62% of total imports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 10% share of total imports. It was followed by Egypt, with an 8.8% share.

In Israel, crude granite imports expanded at an average annual rate of +41.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Syrian Arab Republic (+15.4% per year) and Egypt (+19.6% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, surging by 34% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform